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Oil falls as US waives Iranian sanctions and Nasdaq tumbles
Crude prices fell Monday after the US said it is temporarily lifting sanctions on Iran to allow it t...
Update: Equities Mixed, Oil Drops as US-Iran Talks Move Forward
(Updates with market moves at the end of the day.) US benchmark equity indexes closed mixed Monda...
US Equity Markets Mixed as Communication Services Stocks Fall, Bond Yields Move Up
US equity indexes were mixed on Monday after communication services stocks saw steep declines and go...
Asia's Coal Demand to Jump 70 Million Tonnes in 2026 as LNG Shortfall Bites
The Middle East conflict has dealt a lasting blow to Gulf energy infrastructure, causing billions of dollars in damage and catapulting energy security to the top of the global agenda. Rystad Energy's ...
Airfares Are Set to Rise Again as the Fuel Crisis Deepens
Prices for flights will shoot up again if fuel costs stay high, the chief of British Airways has warned. The airline’s chief executive, Sean Doyle, said there is “no getting away from” the fact that “ ...
Russia Slashes Oil Exports As Fuel Shortages And Drone Attacks Bite
Russia is preparing to sharply reduce crude oil exports this month as mounting refinery disruptions, fuel shortages, and Ukraine’s bombing campaign force Moscow to divert more barrels into the domesti ...
Iranian Official Says Hormuz to Reopen with New Toll Regime
The Strait of Hormuz will ultimately reopen but Iran and Oman will set new conditions for passage, including transit fees, Kazem Jalali, Iran’s Ambassador to Russia, told Russian daily Izvestia in an ...
Aker BP Gains 2.2 Million Barrels With Tiny Stake Increase
Aker BP will receive an additional 2.2 million barrels of oil equivalent after the partners in the Johan Sverdrup field completed a redetermination process that slightly increased the company’s owners ...
Weak Chinese Demand Forces Cuts to Iranian Crude Prices
Chinese buyers are being offered Iranian crude at discounts to Brent, compared to a premium in May, as demand from China’s independent producers has weakened in recent weeks amid soaring input costs t ...
The Countdown to a Major Oil Price Surge Has Begun
In the coming weeks, readers will increasingly see two rarely used phrases in stories covering our dwindling worldwide oil inventories: "operational minimum" and "tank bottoms." The phrases more or le ...
China's LNG Imports Hit Highest Point Since Iran War Began
China's state-controlled energy giants are buying and importing the highest volumes of liquefied natural gas since the war in Iran began as the world's top LNG importer prepares for peak summer demand ...
Oil Prices Spike After Iran Launches Missile Attack on Israel
Oil prices started the week higher after Iran launched ballistic missiles at Israel on Sunday night, heightening fears that U.S.-Iran peace talks might once again fall apart. At the time of writing, B ...
Post-War Oil Trade Could Look Nothing Like It Did Before Hormuz
Persian Gulf oil exporters are scrambling to reroute their crude from ports to pipelines to keep the world running and keep their oil money flowing and fueling their economies. Sanction waivers abound ...
Britain's Net Zero Policy Is Killing Its Chemical Industry
From ammonia to plastics, there can be no modern economy without a functioning chemicals industry, and Britain's is in peril, writes Sharon Todd The recent announcement of a £350m Critical Chemicals R ...
Oil Market Flying Blind as Dark Tanker Traffic Surges in Hormuz
Tanker traffic through the Strait of Hormuz has collapsed by 90% to 95% compared to pre-war levels, analysts concur. Some oil cargoes continue to trickle through the critical chokepoint, but under inc ...